Cable hits 1.2780 after extending south from 1.2813 (Ldn am one-week high)

1.2781 was Asia high - before pound rose on UK jobless rate fall to 4.2%

US PPI data due 1230 GMT; 0.2% MM, 2.3% YY f/c. Core f/c 0.2% MM, 2.7% YY

Softer than expected US PPI prints might inflate GBP/USD towards 1.2840

1.2840 was August 2 high (after USD fell on US jobless rate rise to 4.3%)

UK CPI data due Wednesday at 0600 GMT; 2.3% YY f/c. Services CPI f/c 5.5% YY